Answer:
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Answer:
The correct answer is letter "A": Expensed in the period incurred.
Explanation:
Research and Development (R&D) costs are spent on the development of new products that could or could not end up being commercially offered. These kinds of costs are usually expensed at the same time they are incurred. According to the U.S. Statement of Financial Accounting Standards, the R&D costs cannot be capitalized.
Answer:
A. Planned budgeted value of work scheduled.
Explanation:
Earned Value system is a technique used in project management in estimating how well a project is doing in terms of the project budget and allocated schedule. It is used in estimating project efficiency in terms of the estimated deliverables. It helps in checking of the project is going according to "plan". Project efficiencies are measured against the baseline of a project which is the planned budgeted value of work with the aid of earned value system in order to quickly track any deviations in the project.
Answer:
A new president was hired and he found Chesterly out while reviewing the accounting records.
Answer:
B. 185.000
Explanation:
Fisrt. The forecast of the account begins with a balance of 65,000, during the year 195,000 were paid, this means that an expense of 130,000 is recorded, (195,000 - 65,000, since the expense of 65,000 was previously recorded)
Second. If at the end of the year a provision of 55,000 is determined, on the other hand the expense must be recorded for the same amount.
Then 130,000 of expenses plus the forecast of 55,000 = 185,000
